D-Wave Quantum Inc. (NYSE:QBTS) saw a downside of -9.42% to close Tuesday at $1.25 after subtracting -$0.13 on the day. The 5-day average trading volume is 3,341,040 shares of the company’s common stock. It has gained $1.5000 in the past week and touched a new high 1 time within the past 5 days. An average of 8,198,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,359,432.
QBTS’s 1-month performance is -47.48% or -$1.1600 on its low of $1.2200 reached on 08/22/23. The company’s shares have touched a 52-week low of $0.40 and high of $9.50, with the stock’s rally to the 52-week high happening on 07/18/23. YTD, QBTS has lost -13.19% or -$0.1900 and has reached a new high 6 times. However, the current price is down -86.84% from the 52-week high price.
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Insider Transactions
QBTS stock investors last saw insider trading activity on Jun 15.Michael Emil (Director) most recently sold 29,021 shares at $1.86 per share on Jun 15. This transaction cost the insider $53,892., Brydon Victoria, sold 15,000 shares at a price of $2.39 on Jun 09. Then, on Aug 31, 10% Owner GOLDMAN SACHS GROUP INC sold 128 shares at a price of $6.54 per share. This transaction amounted to $836.
Valuation Metrics
QBTS stock has a beta of 0.03. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 23.49.
D-Wave Quantum Inc.’s quick ratio for the period ended June 29 was 0.30, with the current ratio over the same period at 0.40.. In terms of profitability, the gross margin trailing 12 months is 47.40%. The trailing 12-month EBITDA margin is -796.39%. The firm’s gross profit as reported stood at $4.25 million against revenue of $7.17 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$25.9 million, while revenue of -$24.61 million was 4.98% off the previous quarter. Analysts expected QBTS to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.2, representing a -42.90% surprise. EBITDA for the quarter stood at more than -$20.43 million. QBTS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 52.8 million, with total debt at $33.01 million. Shareholders hold equity totaling $98.9 million.
Let’s look briefly at D-Wave Quantum Inc. (QBTS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 30.34% to suggest the stock is trending Neutral, with historical volatility in this time period at 104.01%.
The stock’s 5-day moving average is $1.3380, reflecting a -16.67% or -$0.2500 change from its current price. QBTS is currently trading -44.93% above its 20-day SMA, +129.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -44.69% and SMA200 by-50.20%.
Stochastic %K and %D was 7.86% and 7.15% and the average true range (ATR) pointed at 0.2377. The RSI (14) points at 36.00%, while the 14-day stochastic is at 2.70% with the period’s ATR at 0.2702. The stock’s 9-day MACD Oscillator is pointing at -0.0789 and -0.2395 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for D-Wave Quantum Inc. (NYSE: QBTS), Piper Sandler launched coverage with an Overweight rating. Analysts offering their rating for QBTS stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate QBTS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is QBTS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $6.00, with their median price target at $4.00. Looking at these predictions, the average price target given by analysts is for D-Wave Quantum Inc. (QBTS) stock is $4.20.
